The Oodua Peoples Congress (OPC) has condemned the President Muhammadu Buhari led government’s loan arrangements with China.

It said the administration had embarked on a suicidal mission that will push the Nigerian economy to its knees.

OPC Publicity Secretary, Yinka Oguntimehin, in a statement on Tuesday expressed worry that the borrowings would make the South-West the greatest loser.

Noting that Minister of Transportation, Rotimi Amaechi, said it will take the Federal Government about 20 years to pay back the loan, OPC decried that government failed to judiciously utilise previous loans secured.

“How can you explain the rationale behind the loan arrangements? The government is up to something sinister because all available indices have it that the Nigerian economy is gradually moving downwards. Today our naira is N470 to a dollar. What that means is that our naira is falling daily to the American dollar.

“The Nigerian Port Authority (NPA) was established in 1913, even before the Nigerian independence in 1960. It is sad that one of our national heritage and institutions in the south is being mortgaged and considered as one of the assets and monuments for the payment plan with the China government.

“The controversial sovereign guarantee and sovereign immunity clause in the loan arrangement with China has raised many questions about the sincerity of federal government, and as a group, we can not keep quiet as if nothing is wrong. Nobody truly understands the drift of this government.

“We have a strong feeling that the North is suspecting that Nigeria will not last beyond 2023, that is why they are mortgaging the future of the entire nation with bad loans, and sadly they are using Amaechi and his allies from the south to perpetrate their sinister plans”, he noted.

https://dailypost.ng/2020/08/04/china-loans-npa-among-nigerias-collateral-north-behind-deal-opc-blasts-buhari-amaechi/

Only NPA? They should add ASO ROCK to the deal, afterall of what good have we recieved from that seat of power ...this government keeps borrowing, but no country has approached Nigeria to lend them money, cos they know our country is on life support caused by our corrupt economic hawks called politicians and leaders. One day we will wake up to read that there is a clause that mandates Nigerians to take up Chinese names as part of the loan deal.

Na these people go finish us, except we act fast. The tribe who doesn't believe in tomorrow but what they could eat and finish on the spot. Revolution now or never

Speechless. The wind of change is nothing but an ill wind, subtly devastating all on its path.

Prof Akintola MURIC what do you have to say about this?

splendour7:
Prof Akintola MURIC what do you have to say about this?

disgrace prof that served as disgrace to others prof

Ikoyi house and bourdillion
Should also be included

You people gladly voted in an economic disaster twice and now you’re crying

Crocodile tears won’t do the needful o

cc helineus OPC is also IPOB

If you think that North is naive or doesn't know what they're doing then you're mistaken! These guys are indirectly handing over the ports of SW to the Chinese. They know that having the ports in the hands of a neutral foriegn country will ensure they have unfettered access to it when nigger-area finally breaks up.

The afonjas have been played

MASTAkiLLAh:
You people gladly voted in an economic disaster twice and now you’re crying

Crocodile tears won’t do the needful o

Tell me which region, state, local government did not give at least one vote to buhari, if there is non, you are writing rubbish

KEVIND:
The Oodua Peoples Congress (OPC) has condemned the President Muhammadu Buhari led government’s loan arrangements with China.

It said the administration had embarked on a suicidal mission that will push the Nigerian economy to its knees.

OPC Publicity Secretary, Yinka Oguntimehin, in a statement on Tuesday expressed worry that the borrowings would make the South-West the greatest loser.

Noting that Minister of Transportation, Rotimi Amaechi, said it will take the Federal Government about 20 years to pay back the loan, OPC decried that government failed to judiciously utilise previous loans secured.

“How can you explain the rationale behind the loan arrangements? The government is up to something sinister because all available indices have it that the Nigerian economy is gradually moving downwards. Today our naira is N470 to a dollar. What that means is that our naira is falling daily to the American dollar.

“The Nigerian Port Authority (NPA) was established in 1913, even before the Nigerian independence in 1960. It is sad that one of our national heritage and institutions in the south is being mortgaged and considered as one of the assets and monuments for the payment plan with the China government.

“The controversial sovereign guarantee and sovereign immunity clause in the loan arrangement with China has raised many questions about the sincerity of federal government, and as a group, we can not keep quiet as if nothing is wrong. Nobody truly understands the drift of this government.

“We have a strong feeling that the North is suspecting that Nigeria will not last beyond 2023, that is why they are mortgaging the future of the entire nation with bad loans, and sadly they are using Amaechi and his allies from the south to perpetrate their sinister plans”, he noted.

https://dailypost.ng/2020/08/04/china-loans-npa-among-nigerias-collateral-north-behind-deal-opc-blasts-buhari-amaechi/

OMG, I didn't even read this part before I made the post above.

Anyone who can think deeply will easily decode whatever is playing out in this country, ahead of time. This is exactly what Nnamdi Kanu did too that's making all his past predictions to be appearing like prophecy. Even the recent hate speech bill is because they know that winter is coming so they want to use that to suppress people and ensure that nobody will voice out when sh!t finally hits the fan.

proeast:
If you think that North is naive or doesn't know what they're doing then you're mistaken! These guys are indirectly handing over the ports of SW to the Chinese. They know that having the ports in the hands of a neutral foriegn country will ensure they have unfettered access to it when nigger-area finally breaks up.

The afonjas have been played

Your ignorance is topnotch.

proeast:
If you think that North is naive or doesn't know what they're doing then you're mistaken! These guys are indirectly handing over the ports of SW to the Chinese. They know that having the ports in the hands of a neutral foriegn country will ensure they have unfettered access to it when nigger-area finally breaks up.

The afonjas have been played

Well said.
Based on the fact that Nigeria's major assets are in the South, which coincidentally are under fulani control, the biggest losers of this fulani regime's Chinese loan deal will be Southern Nigeria.

JOIN THE MOVEMENT FOR THE DISINTEGRATION OF NIGERIA.

IamWonderful:
Your ignorance is topnotch.

You're the ignorant one here, believe me. The sort of gullibility people like you exhibit is the main reason Southerners are where we are.

Let me ask you, do you think Nigger-area has the capacity to repay that loan and many others they keep collecting from any willing lender no matter the terms??

How to control the ports of afonja land have always been a major concern to the landlocked Arewa. The afonjas being in control of the port will put them at their mercy after break up but if it were to be in neutral hands, like the Chinese controlling it, it would be run like a business venture with everyone including the Arewa having as much access as the afonja.

proeast:
If you think that North is naive or doesn't know what they're doing then you're mistaken! These guys are indirectly handing over the ports of SW to the Chinese. They know that having the ports in the hands of a neutral foriegn country will ensure they have unfettered access to it when nigger-area finally breaks up.

The afonjas have been played

and that is y they are busy building rail systems from west to North for easy transport . Yeloba ranu see you in Biafra soon

proeast:


You're the ignorant one here, believe me. The sort of gullibility people like you exhibit is the main reason Southerners are where we are.

Let me ask you, do you think Nigger-area has the capacity to repay that loan and many others they keep collecting from any willing lender no matter the terms??

How to control the ports of afonja land have always been a major concern to the landlocked Arewa. The afonjas being in control of the port will put them at their mercy after break up but if it were to be in neutral hands, like the Chinese controlling it, it would be run like a business venture with everyone including the Arewa having as much access as the afonja.

I guess your bitterness and delusion did not allow you to comprehend what you are writing, if Nigeria is defunct today the loan goes along with, stop being myopic, borrowing was done an entity called Nigeria with south east is part of, immediately there is no more Nigeria the loan become ineffectual because it wasn't borrow by the sovereign state, it was borrowed by non existing state.

MASTAkiLLAh:
You people gladly voted in an economic disaster twice and now you’re crying

Crocodile tears won’t do the needful o

In 2015, They voted for Change
In 2019 They voted for 4+4 for next level

Enjoy your Sai Baba Buhari

proeast:
If you think that North is naive or doesn't know what they're doing then you're mistaken! These guys are indirectly handing over the ports of SW to the Chinese. They know that having the ports in the hands of a neutral foriegn country will ensure they have unfettered access to it when nigger-area finally breaks up.

The afonjas have been played

In 2015, Afonjas voted for Change
In 2019 Afonjas voted for 4+4 next level

Enjoy your Sai Baba Buhari Afonjas

[b]quuote author=IamWonderful post=92513262] I guess your bitterness and delusion did not allow you to comprehend what you are writing, if Nigeria is defunct today the loan goes along with, stop being myopic, borrowing was done an entity called Nigeria with south east is part of, immediately there is no more Nigeria the loan become ineffectual because it wasn't borrow by the sovereign state, it was borrowed by non existing state.[/quote]


You are absolute wrong!

It's not that easy as you think.

Now read this and be enlightened.

[b]Debts after the collapse of the country of Yugoslavia into independent states grew 4.5 fold: from 20 to 90 billion Euros. An article in the Slovenian newspaper "Diary" recently covered this. The new countries in the Balkans are in a debt trap from which they will not be able to escape for a very long time.

Slovenia became a champion - a member of the EU since May 2004. Today, the debt of this “country on the sunny side of the Alps” is 28.8 billion Euros. However, in Ljubljana this is not viewed as a particular cause for concern. The Government believes that Slovenia’s economic potential can repay the loans on time. The population finds it difficult to believe in such optimism. After all, the interest debt is growing every day. Leading economists estimate that by the end of 2014 Slovenia will owe the IMF and other lending institutions in Europe, 81 per cent of its GDP.

Second place debt wise is Croatia, an EU member since July 1st 2013, owing 28.7 billion Euros. Serbia occupies third place: the country's debt burden has reached 20,057 billion Euros, or 63 % of GDP. In March this year alone, Belgrade increased its debt to international lenders by 109 million Euros.

The rest of the states, created after the collapse of Yugoslavia, owe much less than their "developed" neighbors. Bosnia and Herzegovina owe 5.5 billion Euros. Macedonia: 2.7 billion; and Montenegro: 1.7 billion Euros. According to Balkan economists, all the countries of the former Yugoslavia, with the exception of Slovenia, are in debt bondage, from which they are unlikely to escape unless emergency measures to rescue them are not taken. Yugoslavia, established by Marshal Tito after World War II, lived in debt, but it had a developed industry and a system of cooperation. The Yugoslavs actively traded with countries in Asia and Africa. Over more than 20 years, “the independent living” young Balkan countries have not only lost their domestic markets, but been driven out by powerful competitors from other regions of the world.[/b]


http://en.interaffairs.ru/events/536-how-the-balkans-fell-into-debt-slavery.html

proeast:
If you think that North is naive or doesn't know what they're doing then you're mistaken! These guys are indirectly handing over the ports of SW to the Chinese. They know that having the ports in the hands of a neutral foriegn country will ensure they have unfettered access to it when nigger-area finally breaks up.

The afonjas have been played

Guy you are too smart

IamWonderful:
I guess your bitterness and delusion did not allow you to comprehend what you are writing, if Nigeria is defunct today the loan goes along with, stop being myopic, borrowing was done an entity called Nigeria with south east is part of, immediately there is no more Nigeria the loan become ineffectual because it wasn't borrow by the sovereign state, it was borrowed by non existing state.

You are absolute wrong!

It's not that easy as you think.

Now read this and be enlightened.

[b]Debts after the collapse of the country of Yugoslavia into independent states grew 4.5 fold: from 20 to 90 billion Euros. An article in the Slovenian newspaper "Diary" recently covered this. The new countries in the Balkans are in a debt trap from which they will not be able to escape for a very long time.

Slovenia became a champion - a member of the EU since May 2004. Today, the debt of this “country on the sunny side of the Alps” is 28.8 billion Euros. However, in Ljubljana this is not viewed as a particular cause for concern. The Government believes that Slovenia’s economic potential can repay the loans on time. The population finds it difficult to believe in such optimism. After all, the interest debt is growing every day. Leading economists estimate that by the end of 2014 Slovenia will owe the IMF and other lending institutions in Europe, 81 per cent of its GDP.

Second place debt wise is Croatia, an EU member since July 1st 2013, owing 28.7 billion Euros. Serbia occupies third place: the country's debt burden has reached 20,057 billion Euros, or 63 % of GDP. In March this year alone, Belgrade increased its debt to international lenders by 109 million Euros.

The rest of the states, created after the collapse of Yugoslavia, owe much less than their "developed" neighbors. Bosnia and Herzegovina owe 5.5 billion Euros. Macedonia: 2.7 billion; and Montenegro: 1.7 billion Euros. According to Balkan economists, all the countries of the former Yugoslavia, with the exception of Slovenia, are in debt bondage, from which they are unlikely to escape unless emergency measures to rescue them are not taken. Yugoslavia, established by Marshal Tito after World War II, lived in debt, but it had a developed industry and a system of cooperation. The Yugoslavs actively traded with countries in Asia and Africa. Over more than 20 years, “the independent living” young Balkan countries have not only lost their domestic markets, but been driven out by powerful competitors from other regions of the world.[/b]


http://en.interaffairs.ru/events/536-how-the-balkans-fell-into-debt-slavery.html

Oksman:
[b]quuote author=IamWonderful post=92513262] I guess your bitterness and delusion did not allow you to comprehend what you are writing, if Nigeria is defunct today the loan goes along with, stop being myopic, borrowing was done an entity called Nigeria with south east is part of, immediately there is no more Nigeria the loan become ineffectual because it wasn't borrow by the sovereign state, it was borrowed by non existing state.


You are absolute wrong!

It's not that easy as you think.

Now read this and be enlightened.

[b]Debts after the collapse of the country of Yugoslavia into independent states grew 4.5 fold: from 20 to 90 billion Euros. An article in the Slovenian newspaper "Diary" recently covered this. The new countries in the Balkans are in a debt trap from which they will not be able to escape for a very long time.

Slovenia became a champion - a member of the EU since May 2004. Today, the debt of this “country on the sunny side of the Alps” is 28.8 billion Euros. However, in Ljubljana this is not viewed as a particular cause for concern. The Government believes that Slovenia’s economic potential can repay the loans on time. The population finds it difficult to believe in such optimism. After all, the interest debt is growing every day. Leading economists estimate that by the end of 2014 Slovenia will owe the IMF and other lending institutions in Europe, 81 per cent of its GDP.

Second place debt wise is Croatia, an EU member since July 1st 2013, owing 28.7 billion Euros. Serbia occupies third place: the country's debt burden has reached 20,057 billion Euros, or 63 % of GDP. In March this year alone, Belgrade increased its debt to international lenders by 109 million Euros.

The rest of the states, created after the collapse of Yugoslavia, owe much less than their "developed" neighbors. Bosnia and Herzegovina owe 5.5 billion Euros. Macedonia: 2.7 billion; and Montenegro: 1.7 billion Euros. According to Balkan economists, all the countries of the former Yugoslavia, with the exception of Slovenia, are in debt bondage, from which they are unlikely to escape unless emergency measures to rescue them are not taken. Yugoslavia, established by Marshal Tito after World War II, lived in debt, but it had a developed industry and a system of cooperation. The Yugoslavs actively traded with countries in Asia and Africa. Over more than 20 years, “the independent living” young Balkan countries have not only lost their domestic markets, but been driven out by powerful competitors from other regions of the world.[/b]


http://en.interaffairs.ru/events/536-how-the-balkans-fell-into-debt-slavery.html

That is it, educate these agberos that think that everything na by shine your eyes.
We are talking about the cooperate world here

The Chinese are very selfish and wicked..

They give you loans with the condition that a Chinese contractor will be paid to execute the project using Chinese nationals (depriving our own youths of jobs) and still come after 20 years to take over your seaports so they can flood Nigeria's market with "Made-in-China" goods and products while our own industries die off.

Once they have the seaports and airports, the Nigerian government won't have full say over what goes out or comes into the country. So how is that not slavery/re-colonization?

To the traitors forming "I too know", saying there is nothing wrong in a clause clearly waiving sovereignty of the most populous Black nation on earth, God will shame you all.

When Nigeria started enjoying Oil boom, China was nowhere to be found, same China looked inwards, used her population to achieve her present status today and passed DEATH PENALTY on corrupt political office holders.
Where is Nigeria today? the same recycled corrupt politicians are walking free, asking for loans from the same country we were far ahead of back in the days and we are not ashamed.

IamWonderful:
Tell me which region, state, local government did not give at least one vote to buhari, if there is non, you are writing rubbish

Every region gave votes no doubt, but yorubas spearheaded the movement bringing out professors, retired bureaucrats and their Nobel lauret to package and sell this abomination.

Don't try to muddle issues, all this happened only recently. It's too early to rely on amnesia

Another miscreant on the loose.

Bkayyy:

That is it, educate these agberos that think that everything na by shine your eyes.
We are talking about the cooperate world here

He did not realise that Sovereign loan or debt means debt incurred by a government, usually in the form of bonds issued in foreign currencies and sold to foreign investors. A sovereign loan is a loan made by a financial institution to a government, often to a developing or emerging nation so how does it develop wings in the event of a country's break up? No one is comfortable with the huge borrowings going on even if they are neccesary! Iraq is still reeling from the aftermath of over $130,000,000,000.00 (BILLION) borrowed by Saddam hussein's govt. Does he think he is more intelligent than Yinka Oguntimehin who raised the alarm?

It's just terrible.

Bkayyy:

That is it, educate these agberos that think that everything na by shine your eyes.
We are talking about the cooperate world here

Sorry blind bat, just jump on comments to show your extent of bitter.

Oksman:




The rest of the states, created after the collapse of Yugoslavia, owe much less than their "developed" neighbors. Bosnia and Herzegovina owe 5.5 billion Euros. Macedonia: 2.7 billion; and Montenegro: 1.7 billion Euros. According to Balkan economists, all the countries of the former Yugoslavia, with the exception of Slovenia, are in debt bondage, from which they are unlikely to escape unless emergency measures to rescue them are not taken.

.


http://en.interaffairs.ru/events/536-how-the-balkans-fell-into-debt-slavery.html

You don't read what you want to post to counter claim, you just went ahead to lift an incoherent rubbish from somewhere, These aren't carry over debt, Mr. these are debt ran into after going their separate ways to stay aloof, that is why the rest have low debt profile. And if the debt will be repaired it going to be divided among all of us not just the south west, we will all bear the burden

Baba's 150 barren cows must be added too